Cyprus does not have limitations on who can and cannot open up a bank account in Cyprus. Both residents and nonresidents are allowed to open up bank accounts in Cyprus. If you are interested in opening an account you should know that you can either open up an account by mail from abroad or you can open up an account in person either physically in Cyprus at the bank of your choice or by visiting an international branch of a Cypriot bank.
Cyprus is a member of European Union. Ever since the debacle of US Banks and financial institutions , Bank Account opening guide lines are strong in Cypros and else where in the world. Anybody can open a Bank account in Cyprus but you need the hard copy of your identity and resident proof besides a local introducer, who should have a Bank Account in the same Bank.